Gas prices in Europe fall over 2%

Exchange prices for gas in Europe at the opening of trading fell by more than 2%, Report informs referring to the London Stock Exchange ICE.

Futures contracts opened trading on October 19 on the TTF index with a decrease in prices by almost 2.5%, to the level of $1,118 per 1,000 cubic meters. The dynamics is given from the settlement price of October 18, the previous trading day - $1,147.3 per 1,000 cubic meters.

The decline in gas prices in Europe is due to the calming of the market due to the high level of occupancy of underground gas storages, but the countries of the continent may face a new price surge. At the same time, gas prices are several times higher than last year.